Close Menu
WashingtonExec
    Podcast Episodes
    LinkedIn Facebook X (Twitter) Instagram YouTube
    LinkedIn Facebook X (Twitter) Instagram YouTube
    WashingtonExec
    Subscribe To The Daily
    • News & Headlines
    • Executive Councils
    • Videos
    • Podcast
    • Events
      • 🏆 Chief Officer Awards
      • 🏆 Pinnacle Awards
    • About
    • Contact Us
    LinkedIn YouTube X (Twitter)
    WashingtonExec
    You are at:Home»News»Mergers & Acquisitions»GovernmentCIO to Acquire Salient CRGT
    Mergers & Acquisitions

    GovernmentCIO to Acquire Salient CRGT

    By Staff WriterJuly 8, 2021
    Share
    LinkedIn Facebook Twitter Email
    Tom Ferrando
    Tom Ferrando, Salient CRGT

    GovernmentCIO, a provider of high-end technology and digital solutions to the federal health IT services market, announced it has agreed to acquire Salient CRGT, a provider of data analytics, cloud, agile software development, cybersecurity and infrastructure solutions.

    GovernmentCIO is backed by Welsh, Carson, Anderson & Stowe.

    The combination of GovernmentCIO and Salient CRGT will bring together two complementary providers of government IT solutions. GovernmentCIO CEO Jim Brabston will lead the combined company, and Salient CRGT CEO Tom Ferrando will join the board of directors.

    Long-time industry veteran Phil Nolan will become chairman of the combined company, which will be named GovernmentCIO once the transaction is closed.

    The combined company will have more than 2,200 employees and revenues of approximately $700 million in 2021.

    “We’re thrilled to partner with SCRGT and its outstanding team, who share our commitment to delivering high-value solutions that make positive impacts on missions and lives,” Brabston said.

    Ferrando said he was excited to join forces with GovernmentCIO.

    “We have a strong cultural and strategic fit with each other and the combination will take our company to the next level as part of a premier, scaled platform,” he said.

    Nolan said the deal is a validation of Salient CRGT’s business-building strategy.

    “I have long known and greatly admire GovernmentCIO and its leadership team and am confident that the combination of our complementary teams and deep network of long-term relationships will enable us to capitalize on the many growth opportunities ahead as a stronger, unified company,” he added.

    The transaction is expected to close in 2021’s third quarter. GovernmentCIO and WCAS are being represented by DC Advisory as financial adviser and Kirkland & Ellis LLP as legal counsel. Salient CRGT is being represented by Robert W. Baird & Co. and Guggenheim Securities, LLC as financial advisers and Kirkland & Ellis LLP and Willkie, Farr & Gallagher LLP.

    Previous ArticleIntelligent Waves Promotes John Hammes to Chief Strategy Officer
    Next Article Top 30 Space Execs to Watch in 2021: Jacobs’ Kate Kronmiller

    Related Posts

    2025 Chief Officer Awards Winner: SPA’s Dave Hearding

    ASRC Federal Taps Aerospace Veteran Mike O’Hara to Drive Space Growth

    Leidos Wins $35M DISA Contract to Modernize Cross-Domain Data Sharing

    Comments are closed.

    LinkedIn Follow Button LinkedIn Logo Follow Us on LinkedIn
    2025 Chief Officer Awards - Winners Revealed
    Latest Industry Leaders

    Top Cyber Execs to Watch in 2025

    Top Chief Technology Officers to Watch in 2025

    Load More
    Latest Posts

    2025 Chief Officer Awards Winner: SPA’s Dave Hearding

    June 19, 2025

    ASRC Federal Taps Aerospace Veteran Mike O’Hara to Drive Space Growth

    June 19, 2025

    Leidos Wins $35M DISA Contract to Modernize Cross-Domain Data Sharing

    June 19, 2025

    Top Health Care Execs to Watch in 2025: Peraton’s Lauren Toth

    June 19, 2025

    Top Health Care Execs to Watch in 2025: Intel Corp.’s Mike Namvar

    June 19, 2025
    Quick Links
    • Executive Councils & Committees
    • Chief Officer Awards
    • Pinnacle Awards
    • Advertise With Us
    • About WashingtonExec
    • Contact
    Connect
    • LinkedIn
    • YouTube
    • Facebook
    • Twitter

    Subscribe to The Daily

    Connect. Inform. Celebrate.

    Copyright 2023 © WashingtonExec, Inc. | All Rights Reserved. Powered by J Media Group

    Type above and press Enter to search. Press Esc to cancel.